- Jaxon Mining (JAX) has revealed the final assay results from its recent surface exploration program at the Hazelton properties in British Columbia
- The company has reported 70 rock chip samples, 18 from the company’s Netalzul Mountain property and 52 from the Red Springs property
- At Netalzul, the company intersected a one-metre rock chip at 31.76 grams per tonne gold equivalent, made up of 3.96 grams per tonne gold, 1641 grams per tonne silver and a copper grade of 2.763 per cent
- Assays from Red Springs returned 3.18 gram per tonne gold equivalent, including 2.36 grams per tonne gold, 0.13 per cent cobalt and 0.07 per cent copper
- Jason Mining (JAX) is up 20 per cent and is trading at C$0.09 per share
Jaxon Mining (JAX) has revealed the final assay results from its recent surface exploration program at the Hazelton properties in British Columbia.
Jaxon mining owns four exploration properties in the area, the Red Springs, Blunt Mountain, Netalzul Mountain and Max Knoll properties.
After recently acquiring the properties, the company took a total of 70 rock samples from the Red Springs and the Netalzul Mountain properties during the phase one exploration program.
At Netalzul Mountain the company focused on historic mines dotted around the property, taking 18 outcrop chip or grab samples.
The best result from Netalzul was a five-metre-long outcrop chip sample at 17.10 grams per tonne gold equivalent, which included a shorted one-metre rock chip sample that graded at gold equivalent grade of 31.76 grams per tonne.
That shorter intercept was made up of 3.96 grams per tonne gold, 1641 grams per tonne silver and a copper grade of 2.763 per cent
One grab sample around an old mine opening contained gold equivalent grades as high as 18.81 grams per tonne, with that assay made up of 5.91 grams per tonne gold, 623 grams per tonne silver and 3.46 per cent copper.
At Red Springs, the company took 52 rock chip samples, with the best result coming from the site’s gold-bearing tourmaline breccia. The breccia returned an assay of 3.18 grams per tonne gold equivalent grades, made up of 2.36 grams per tonne gold, 0.13 per cent cobalt and 0.07 per cent copper.
John King Burns, CEO and Chairman of Jaxon Mining, said the crews had returned to the fields at Netalzul to begin mapping and channel sampling work.
“Our major target remains the copper and gold porphyry system at Red Spring, the elephant that drives the system. The Red Spring system generated the extensive tourmaline breccia occurrence that market he major orogenic and metallogenic events that shape Hazelton as a porphyry province.
“As planned, we are preparing to drill test the Red Springs porphyry system in late 2020. Netalzul was a recent consolidation and the Company is working to secure drilling permits in time for the 2020 field season,” he said.
Jason Mining (JAX) is up 20 per cent and is trading at C$0.09 per share at 10:45 am EDT.